Policy adminstration

The number of insurance businesses for sale far exceeds demand in the current market, Travelers Cos. CEO Jay Fishman said yesterday.

AIG will start calling its aigdirect.com business 21st Century Insurance in January, reverting to the brand of a California-based car insurer acquired last year.

The Insurance Research Council (IRC) study is based on data from more than 42,000 auto injury claims closed with payment under the five principal private passenger coverages.

Nationwide Funds’ president sees “light at the end of the tunnel” with new products and distribution initiatives.

Deal is an acknowledgement by risk management solutions provider of critical emergent risk factor: climate change.

Newark, N.J. — Prudential Financial Inc., chairman and CEO John Strangfeld received the 2008 CEO Diversity Leadership Award from Diversity Best Practices for his commitment to integrating diversity into the company's corporate culture and business practices. Strangfeld was recognized along with 10 other leaders at Diversity Best Practices' 15th annual Diversity and Inclusion Leadership Summit and Gala held in Washington .

New York – MajescoMastek, the subsidiary of global technology solutions provider Mastek, reports that the STG Insurance Suite, in its ready-to-deploy application service provider (ASP) model, has gone live for The Responsive Auto Insurance Co., Fort Lauderdale, and will facilitate processing of the carrier’s personal auto business in the state of Florida.

New York — The environment is an ever growing topic of public discussion and businesses are increasingly influenced by potential threats to climate change. However, the potential and sustainability of Green Insurance products and services has not yet been fully examined or determined.

In a third annual survey, policy administration projects remain the top insurer priority.

The free online tool is designed to help homeowners organize and calculate finances before meeting lenders.

EbixExchange and SIGNiX, both Web-based technology providers, have partnered to enable brokerage firms to fully automate processing of annuities.

Privy to a variety of educational sessions, technology showcases and business analytics, rating and underwriting product launches, attendees at ISO’s annual conference were told that “winners will have ERM in all parts of their business.”

Hartford Financial Services, Genworth Financial, Lincoln National and Aegon NV are acquiring banks or thrifts to be eligible to receive capital injections under the Treasury Department's Capital Purchase Program.

Lockton Cos.' Fall 2008 Market Update reports that insurance carriers face an ominous set of facts entering the final weeks of 2008.

The financial security company intends to use the borrowings, along with other sources of liquidity, for the repayment of outstanding holding company debt.

Former Montana Governor will step down as association head in February.

Senator proposes mandatory coverage for individuals.

SMH Capital served as sole placement agent and financial advisor for the formation, structuring and initial funding of WRM America Holdings, a specialty line property/casualty insurance holding company.

Known then as the Associated Hospital Service of Philadelphia, the organization opened its doors Nov. 7, 1938, under the leadership of E. A. Van Steenwyk.

Conseco expects to record accounting charges of approximately $1.1 billion related to the transaction.